SumUp co-founder Marc-Alexander Christ on that €590 million funding round, its new valuation, and what comes next
We had a chat with Marc-Alexander Christ, co-founder and CFO of SumUp, which is celebrating its decade of existence this year with a new €590 million debt/equity financing round at an €8 billion valuation.
Immediately following last week's announcement of London and Berlin-based fintech giant SumUp's €590 million round, we had a chance to talk to one of the company's co-founders about the capital injection, which values it at €8 billion.
That valuation reportedly came in much lower than initially projected, which is a topic Marc-Alexander Christ didn't shy away from discussing (pointing out that the valuation is still 20 times higher than its last one).
Have a listen/watch to learn more about SumUp's early days, its plans to become the financial services partner for millions of small businesses around the world, its international expansion, and M&A strategy, and the likelihood of the company pursuing an IPO in the future.
The video that accompanies this audio can be found at Tech.eu
That valuation reportedly came in much lower than initially projected, which is a topic Marc-Alexander Christ didn't shy away from discussing (pointing out that the valuation is still 20 times higher than its last one).
Have a listen/watch to learn more about SumUp's early days, its plans to become the financial services partner for millions of small businesses around the world, its international expansion, and M&A strategy, and the likelihood of the company pursuing an IPO in the future.
The video that accompanies this audio can be found at Tech.eu
